XIAMEN FIT IMPORT & EXPORT CO., LTD.
Chinese Estates changes listing from HK to Singapore
click rate:2465 issue time:2007-03-10 08:12
Jan. 11, 2007 (China Knowledge) – Chinese Estates Holdings may list a real estate investment trust (Reit) in Singapore instead of its original plan to list in Hong Kong.


The change came about after the application by Chinese Estates was rejected by the Securities and Futures Commission as the properties to be included were only partially owned by the company. The Reit IPO had planned to raise up to HK$5 billion in the Hong Kong Stock Exchange to fund expansion.


In its previous plan, Chinese Estates had planned to include about six investment properties into the proposed Reit, including shopping centres and offices such as Windsor House's office tower and Excelsior Plaza in Causeway Bay, Wanchai Computer Centre and Harcourt House in Wan Chai, and Silvercord in Tsim Sha Tsui.